Excellent investment opportunity featuring a well-maintained fourplex in a strong rental location. The property consists of four 2 bed, 1 bath units with proven rental history and upside through lease-up and future rent growth. Property has been recently improved with updated units, and major systems in good shape including a new roof in the last year. Two units are currently occupied providing immediate income, while recent leasing activity demonstrates continued stable rental demand in the area. Conveniently located with easy access to shopping, employment centers, schools, and major transportation routes, this property is well suited for investors seeking stable cash flow with additional upside potential.
Make a winning offer with the help of a local agent
Around this home
Schools
K - 12
Preschool & daycare
Monroe Elementary School
Public PreK-5 • Assigned • 0.8mi
5/10
Jack Swigert Aerospace Academy
Public 6-8 • Assigned • 0.7mi
1/10
Mitchell High School
Public 9-12 • Assigned • 1.7mi
1/10
Provided by GreatSchools
About
Eastborough
Eastborough, located between East Pikes Peak Avenue and East Platte Avenue, is a residential and historic Colorado Springs neighborhood with early-20th-century bungalows and a tree-lined street grid. The neighborhood’s character concentrates around the East Pikes Peak Avenue and North Union Boulevard corridor, where small storefronts, corner services, and steady street activity set the tone. Nearby pillars include the Fine Arts Center at Colorado College, the Colorado Springs Pioneers Museum, and the Millibo Art Theatre for local culture. Side streets read quiet and architectural, with porches, mature landscaping, and a walkable scale. Monument Valley Park and its trail system shape daily routines with creekside paths and open lawns. Downtown blocks sit close enough for galleries and coffee, while the neighborhood itself stays grounded and residential.
Provided by Walk Score and Local Logic
Offer insights
4060 Airport Rd · $565,000
$563K and above
75% chance or better to win
Why $563K+ is a strong offer
DAYS ON MARKET
122 days
The average home goes pending in 101 days.
SALE-TO-LIST
95.5%
Most homes are selling 4% below list price.
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Interior features
Four total bathrooms
Bedrooms
Four 2-bedroom units (each listed as 2 Bedroom)
Bathrooms
Four bathrooms total
Heating & cooling
Hot water heating
Cooling: Other
Exterior features
Shingle roof
Zoned R-5 AO
Home design
Residential income property (quadruplex)
Two levels
Property is unattached
Individually owned
Parking
Eight off-street parking spaces (total parking for 8)
Construction
Brick and frame construction
Building area approximately 3,008 (public records)
Utilities
Public sewer
Financial info
Gross income reported at $54,768
Owner pays gas, trash collection, and water; tenants pay electricity
Existing lease expiration noted: 2027-08-02
Unit rents: approximately $900, $1,200, $1,175, and $1,175
Other
Parcel number 64143-09-048
Tax year 2025 (annual tax listed)
Electricity and solar
View estimated energy costs and solar savings for this home
Excellent investment opportunity featuring a well-maintained fourplex in a strong rental location. The property consists of four 2 bed, 1 bath units with proven rental history and upside through lease-up and future rent growth. Property has been recently improved with updated units, and major systems in good shape including a new roof in the last year. Two units are currently occupied providing immediate income, while recent leasing activity demonstrates continued stable rental demand in the area. Conveniently located with easy access to shopping, employment centers, schools, and major transportation routes, this property is well suited for investors seeking stable cash flow with additional upside potential.
REColorado as Distributed by MLS Grid #9603715
Jul 2, 2026
Listed
$565,000
$188/sq ft
+34
Excellent investment opportunity featuring a well-maintained fourplex in a strong rental location. The property consists of four 2 bed, 1 bath units with proven rental history and upside through lease-up and future rent growth. Property has been recently improved with updated units, and major systems in good shape including a new roof in the last year. Two units are currently occupied providing immediate income, while recent leasing activity demonstrates continued stable rental demand in the area. Conveniently located with easy access to shopping, employment centers, schools, and major transportation routes, this property is well suited for investors seeking stable cash flow with additional upside potential.
Public Records
Jul 16, 2020
Sold
$432,000
$144/sq ft
Public Records
Dec 20, 2018
Sold
$382,000
$127/sq ft
REColorado as Distributed by MLS Grid #1591171
Oct 29, 2018
Listed
$395,000
$131/sq ft
elevateMLS #1
Oct 23, 2018
Price Changed
$395,000
$131/sq ft
Public Records
Nov 12, 2014
Sold
$180,000
$60/sq ft
Public Records
Jun 27, 2005
Sold
$220,000
$73/sq ft
Public Records
Aug 4, 2004
Sold
$255,000
$85/sq ft
Public Records
Apr 12, 2000
Sold
$140,000
$47/sq ft
Public Records
Dec 2, 1997
Sold
$161,000
$54/sq ft
Public Records
May 6, 1996
Sold
$135,500
$45/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$2,038 (+8.6%)
$4,850 + $35,840
$40,690
2024
$1,876 (+1.0%)
$4,850 + $35,840
$40,690
2023
$1,857 (+23.7%)
$4,610 + $32,960
$37,570
2022
$1,501 (−9.8%)
$3,510 + $23,320
$26,830
2021
$1,665 (+13.0%)
$3,510 + $23,320
$26,830
2020
$1,473 (+0.5%)
$3,690 + $24,520
$28,210
2019
$1,465 (+18.8%)
$2,310 + $19,390
$21,700
2018
$1,233 (+5.6%)
$2,310 + $19,390
$21,700
2017
$1,168 (+19.3%)
$2,040 + $14,770
$16,810
2016
$979 (+0.4%)
$2,040 + $14,770
$16,810
2015
$975 (+5.5%)
$2,160 + $14,740
$16,900
2014
$924 (−1.7%)
$2,160 + $14,740
$16,900
2013
$940 (−0.6%)
$2,160 + $13,200
$15,360
2012
$945 (−0.8%)
$2,160 + $13,200
$15,360
2011
$953 (−22.7%)
$2,160 + $13,510
$15,670
2010
$1,233 (+1.0%)
$2,160 + $13,510
$15,670
2009
$1,221
$2,550 + $18,350
$20,900
Public record
Public record
Zoning
Permits
Beds
—
Baths
—
Stories
2
Lot width
—
Lot depth
—
Lot size
8,600 Sq. Ft.
Year renovated
—
Finished Sq. Ft.
—
Unfinished Sq. Ft.
—
Total Sq. Ft.
3,008
Year built
1971
Style
Other
County
El Paso County
APN
6414309048
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Sep 2, 2026.
R-5
AP-O
Multi-Family High District
The R-5 zone district accommodates attached and detached single-family, two-family, and multi-family dwelling structures at the highest density permitted in the City's standard residential districts (non-R-Flex). Land uses are as indicated in Table 7.3.2-A (Base and NNA-O District Use Table). It is intended for use in areas adjacent to the FBZ district or R-Flex, Mixed-Use, or PDZ districts where similar or higher densities or intensities of use are permitted.
Zone overlays
Airport Overlay District
Permitted uses
Include but are not limited to:
Agriculture
Community / recreation center
Religious facility
Day care facility
Housing-Group
Housing-Single unit
Housing-Multiple units
Housing-Senior
Infrastructure
Housing-Mobile home park
Mar 2, 2026 • Final
437
Work on a reroof.
Roofing
Oct 23, 2020 • Final
437
Perform engineered foundation repairs.
Remodel
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Local insights from Redfin agents
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